#ETHUSD

OUTLOOK: Bullish, but upside limited

Could test $660-$670 but trendline resistance will likely hold as the RSI is close to signaling overbought conditions

Rejection the trendline could yield a pullback to ascending (bullish biased) 10-day MA

#BitcoinCash

Hardfork did a nice job so far, keep in mind: Harder Pump = Harder Dump

OUTLOOK: Overbought

RSI highest since December, shows rally overdone

Pullback to $1,300-$1,250 cannot be ruled out

Dips could be short-lived as 5,10MAs are trending north

Key resistance: $1,480, $1,630

📰 Another Chinese City Is Backing a Big Blockchain Investment Fund

The city government of Shenzhen, China, is backing a dedicated blockchain investment fund, soon after Hangzhou city supported a similar effort.
Announced at a blockchain event in the city on Sunday, hosted by the China Electronic Commerce Association, the fund aims to invest 500 million yuan ($80 million) in blockchain startups in Shenzhen during its first phase.

#BTCUSD

Doji and bearish follow-through, signals exhaustion, also marks failure at $9062 - 50% fib retracement

BTC likely to test 10-day MA support of $8,421 before rising to 200-day MA located at $9,784

📰 Finland Has Identified Thousands of Bitcoin Traders Who Owe Taxes

Most Finns have not reported income to the country’s tax department from the sale of cryptocurrencies in previous years.

While only 500 people were identified in December, last week the Tax Administration Office revealed 3,300 people who owe taxes from bitcoin-related income

The aggregate capital gain of the 3,300 persons identified will be about 100 million euros, so the taxpayers’ share of the pot would be around 30 million euros.

#ETH

OUTLOOK: Cautiously bullish

crossed long-term falling trendline

Looks set to test 100-day MA located at $736

RSI shows overbought conditions, so we are unable to rule out minor pullback

Only a close below 10-day MA would abort bull view

First target met. We got an average entry of 0.000185 (+30% profit) or after breakout @0.00022 (+10% profit). Move stop to entry for a risk-free trade.

#BTC

Outlook: Healthy pullback underway

Bearish engulfing, double top breakdown on RSI on 4H chart indicates BTC could see deeper pullback to $8.7K-$8.6K.

Long-term outlook remains bullish as long as BTC trades above falling trendline (seen in daily chart)

#BTC Only a daily close below the ascending (bull biased) 10-day moving average would abort the short-term bullish view.

The 10-day MA is seen at $8,663

📰 Nasdaq is open to becoming cryptocurrency exchange, CEO says.

Once the regulation is smoothed out and the space "matures", Nasdaq would consider becoming a digital currency exchange, the company's CEO says.

In the meantime, Nasdaq is supporting existing crypto exchanges, and announced a technology deal with Gemini Wednesday.

SC hit the second long-term target at 424
Profit: +130%
Congratulations to those who followed the signal!

BREAKING: Bitcoin # 17 million has just been mined

France Slashes Cryptocurrency Tax Rate from 45% to a Flat 19%

France has more than halved its cryptocurrency income tax rate on capital gains, incentivizing citizens to invest and even take some profits in the market.

The French Council of State has decided to change the classification of cryptocurrency capital gains, thereby lowering the tax rate from as high as 45% to a flat rate of 19%.

The revision couldn’t come at a better time for cryptocurrency investors, with bitcoin trading comfortably above $9,000 and the other top 10 coins also in the green today.

Court Orders Chilean Banks to Re-Open Crypto Exchange Accounts

Chile’s anti-monopoly court has ordered two major banks in the country to re-open accounts for a local cryptocurrency exchange, Buda, after it filed a lawsuit against 10 banks accusing them of anti-competitive behavior. The two banks must enter into a new contract with the crypto exchange under the same terms and conditions as before.

2nd target (26) reached (+40%). Move stop to 24. Next target: 28.